Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    PLUM COVE ROAD lot 10A-16A 9-11 Lakehills, TX 78063

    View on Map
    For Sale
    $119,900

    LAND - Lakehills, TX

    Lot size:
    2.24 Acres
    Added:
    Mar 26, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 2 at 2:06 am

    Property Features for PLUM COVE ROAD lot 10A-16A 9-11

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RESIDENTIAL
    Standard status
    Active
    Lot size
    2.24 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    623

    We can help!

    Listing Contact
    Michelle Reichle
    Michelle Reichle

    Listing agent Michelle Reichle

    Listing office Hi Energy Realty 528 Angel Dr, Lakehills, TX

    Listing date Mar 26, 2026

    MLS# 1912563

    Copyright © 2026 LERA MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakehills Land with Hill Country Views

    This property features 2.237 acres of land with frontage on PR37 and Plum Cove Road. The land has no restrictions, allowing for manufactured homes. It offers hill country views and a dry creek that meanders through the property. A large storage barn is located on site, suitable for boat storage. A water system provides water on site. The property is located very close to the County Park for lake access and a boat launch.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Lakehills
    County
    Bandera
    State
    Texas
    Longitude
    -98.9
    Latitude
    29.6773

    Nearby Similar for Sale

    • $400,000
      952 SF

      Lakehills, TX Commercial Land

      3.02 acres on FM 1283, ideal for commercial development.
      8865 FM 1283, Lakehills, TX 78063
      View Details
    • $335,000

      Texas Hill Country Sanctuary Land

      10-acre tract in Lakehills, TX with building potential.
      9817 Park, Lakehills, TX 78063
      View Details
    • $115,000
      40,859 SF

      Unzoned Land Near High Traffic

      Commercial land near established business, ideal for development.
      9232 FM 1283, Lakehills, TX 78063
      View Details
    • $72,500

      Lakehills Corner Lot Ready

      0.86 acre corner lot near Medina Lake.
      406 Kruse Loop, Lakehills, TX 78063
      View Details
    • $125,000

      Lakehills TX Land with Views

      5-acre lot with lake views in Lakewood Estates.
      259 Forest Ridge, Lakehills, TX 78063
      View Details
    • $125,000

      Lakehills Land with Lake Views

      5-acre lot with lake views in Lakewood Estates community.
      259 Forest Ridge Dr unit: 12, Lakehills, TX 78063
      View Details
    • $17,000
      6,750 SF

      Hill Country Land in Lakehills

      0.20-acre lot in Lakehills, TX, priced under market value.
      964 10th, Lakehills, TX 78063
      View Details
    • $74,500
      12,545 SF

      Lakehills Homesite Near Medina Lake

      Homesite near Medina Lake with waterfront access and mature trees.
      ELM COVE DR lot: #8, Lakehills, TX 78063
      View Details
    • $32,000

      Residential Lot in Gated Community

      Flat lot with boat slip in Lakehills, Texas.
      Scenic Crest lot: 73, Lakehills, TX 78063
      View Details
    • $65,000

      Lakehills Land with Boat Slip

      Residential lot with hill country views and private boat slip.
      Harbour Crest, Lakehills, TX 78063
      View Details
    • $150,000

      Land Near Medina Lake

      2.763-acre lot ready for building near Medina Lake.
      Mountain Drive, Lakehills, TX 78063
      View Details
    • $79,995

      Land with Lake and Hill Views

      2.29 acre lot near Medina Lake County Park.
      GEORGES RD, Lakehills, TX 78063
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.237 acres near lake access with storage barn.
    Where is this residential land & home lot located?
    The property is located at PLUM COVE ROAD lot 10A-16A 9-11 Lakehills, TX.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: 2.237 Acres with No Restrictions, manufactured homes are welcome; Water System with Water On‑Site; Close proximity to County Park with Lake Access & Boat Launch
    (830) 612-3416
    We can help!
    Listing Contact
    Michelle Reichle
    Michelle Reichle
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!